Ftse mib, fifth week of increases the index returns to pre-covid levels

2021-06-04T11:03:19.722Z

The bags are not very moved, since the opening, including Milan. The Ftse Mib index (+ 0.09%) is about to close the fifth week in a row up (+ 1.1%) and is at the levels of 19 February 2020, that is just before the pandemic, which are also the levels highs since 2008. In the rest of Europe, however, slight drops in Frankfurt and Paris, more marked in London (-0.26%). Today, Istat has estimated that the Italian GDP will rise by 4.7% in 2021; yesterday the IMF estimated growth of 4.3%. The statistical institute expects growth of 4.4% in 2022 (+ 4.0% for the IMF). At 11, the data on retail sales in the Eurozone also arrived in April, a month still characterized by many closures: -3.1% the change compared to March, and this is worse than expected. + 23.9% the annual variation,again less than expected. However, investors are waiting for official data on new jobs in the United States arriving at 2.30pm. Yesterday the ADP association, which always precedes the official data, estimated an increase of almost one million jobs. Meanwhile, futures anticipating the start of Wall Street are slightly negative. Among the stocks in Piazza Affari, Saipem was higher (+ 3.97%), after the announcement of the acquisition of a division of Naval Energies dedicated to floating platforms for wind turbines. Followed by Stellantis, in the wake of the upward estimates presented by GM. Greater declines for Tenaris (-0.88%) and Banco Bpm (-0.83%). Oil has remained at its highest levels for 17 months, stably above 71 dollars a barrel with Brent.The rating agency Fitch is expected to assess the Italian debt tonight. Meanwhile, the BTP / Bund spread is slightly up, at 109 basis points.